They do not want the other person's name on the deed or the mortgage once the dirvorce is finalized.   

One has no mortgage, their other has a HELOC for around $20k remaining and is coming to its 10year term that was established before placing with LLC.My predicament is how/best way to pull equity out of either property for a down payment for the 3 family that is valued around $450k.

Labor is much cheaper than other parts of the US.

Larger more expensive houses have lower occupancy and smaller cheaper ones are higher. 

You do not want to lie on an application, that is mortgage fraud.

Subtract more for AirBnB charges, local management, repairs, cleaning, etc and there is not a lot left to pay the mortgage. 

So, in your example it might be at 9% interest rate which would make the weighted average HIGHER than taking out a mortgage at today's interest rates because the 2nd mortgage would be 3x as much as the 1st mortgage. 2.

Mortgage rates and PMLs are 8-12% plus points right now so the deal has to be a low enough entry. 

If the answer is yes, then it's a no brainer to make minimum payments on your 2.8% interest rate mortgage, and use the funds that you would have paid extra to pay it down faster, to either invest in more real estate, the market, or anywhere else where you can get a ROI > 2.8%.If the answer is no, then feel free to aggressively pay it down as fast as possible, to become debt-free faster, and just have a large amount of money in savings or to splurge with.The bottom line is that your 2.8% mortgage is GOOD debt.

Here are the details:A friend wants to sell us their house that currently has a VA loan mortgage.